68,848 Shares in The Lovesac Company $LOVE Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of The Lovesac Company (NASDAQ:LOVE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 68,848 shares of the company’s stock, valued at approximately $1,149,000. GSA Capital Partners LLP owned 0.47% of Lovesac as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kanen Wealth Management LLC acquired a new position in shares of Lovesac during the first quarter valued at approximately $8,064,000. Invenomic Capital Management LP acquired a new position in Lovesac in the 4th quarter valued at $5,350,000. Senvest Management LLC lifted its holdings in Lovesac by 36.7% in the 1st quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock valued at $15,145,000 after purchasing an additional 275,252 shares in the last quarter. Millennium Management LLC boosted its stake in Lovesac by 378.9% during the 4th quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock worth $4,830,000 after purchasing an additional 259,097 shares during the last quarter. Finally, Bastion Asset Management Inc. grew its holdings in shares of Lovesac by 193.6% during the first quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company’s stock worth $5,290,000 after buying an additional 234,812 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lovesac

In related news, Director Andrew R. Heyer acquired 30,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of $14.68 per share, with a total value of $440,400.00. Following the completion of the transaction, the director owned 293,259 shares of the company’s stock, valued at $4,305,042.12. The trade was a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 33,550 shares of company stock worth $490,146 over the last 90 days. 7.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOVE. DA Davidson raised their price target on shares of Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a research note on Wednesday, June 24th. Finally, Canaccord Genuity Group set a $22.00 target price on shares of Lovesac in a research note on Thursday, June 11th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Lovesac Stock Performance

Lovesac stock opened at $17.11 on Tuesday. The company’s 50 day simple moving average is $16.76 and its 200-day simple moving average is $15.12. The Lovesac Company has a 1 year low of $10.33 and a 1 year high of $20.88. The company has a market capitalization of $250.46 million, a price-to-earnings ratio of 65.81, a price-to-earnings-growth ratio of 0.98 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.The business had revenue of $138.20 million during the quarter, compared to analysts’ expectations of $136.66 million. During the same period in the previous year, the firm posted ($0.73) earnings per share. The company’s revenue was down .1% on a year-over-year basis. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. Equities analysts expect that The Lovesac Company will post 0.5 earnings per share for the current year.

About Lovesac

Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.